Assignment: Elements of an Effective Performance Management System HR’s role in organizations has changed dramatically over the last decade, and in this newly evolved role, HR develops strategy to help drive organizational performance – at both an executive level and at a very pragmatic level. Through performance management systems implementation, organizations have been able to achieve tremendous success, even in challenging economic times and globally competitive environments. Knowing and understanding these systems is pivotal to an HR practitioner’s effectiveness in helping organizations achieve their strategic goals and ultimate success. To complete this Assignment, review the Learning Resources for this week, and other resources you have found in the Walden Library or online, and respond to the following bullets in a 2- to 3-page paper: Define different types of performance management systems and discuss how they differ. Identify 3 key elements of an effective performance management system. Explain how the 3 elements you identified interact with one another. Then, discuss how their interaction supports the effectiveness of a performance management system. Your Assignment must include 3 references to support your thinking. PLEASE USE APA FORMAT Learning Resources Note: To access this week’s library resources, please click on the link to the Course Readings List, found in the Course Materials section of your Syllabus. Required Readings Note: It is highly recommended that you review the resources in the following order. Aguinis, H. (2019). Performance management (4th ed.). Upper Saddle River, NJ: Prentice Hall. Chapter 1 – “Performance Management in Context” pp. 3–40 Chapter 2 – “Performance Management Process,” pp. 41–51 Performance Management: Concepts & Definitions. (n.d.). Guide to managing human resources. Retrieved from https://hr.berkeley.edu/hr-network/central-guide-managing-hr/managing-hr/managing-successfully/performance-management/concepts Aguinis, H., Joo, H., & Gottfredson, R. K. (2011, November). Why we hate performance management–And why we should love it. Business Horizons, 54(6), 503–507. Required Media Jeffay, J. (© 2016). Performance Management: Three Areas of Focus [Media file]. Available from Skillsoft at https://laureate.skillport.com/skillportfe/main.action?path=summary/C OURSE_TOPIC/115269 Note: The approximate length of this media piece is 4 minutes. Accessible player Credit: (2016) Performance Management Three Areas Of Focus. Retrieved from https://laureate.skillport.com Optional Resources Devarajan, R., Shweta, M., & Vohra, V. (2016). Implementing new age performance management system in IT MNC: Leveraging communication and training. South Asian Journal of Business & Management Cases, 5(2). ISSN: 2277-9779 Online ISSN: 2321-0303. Holloway, J., De Waal, C., & Harold, A. A. (2009). Lessons learned from performance management systems implementations. International Journal of Productivity and Performance Management, 58(4), 367–390. Torghabehi, Y. E., Alireza, A. M., Kurczewski, K., & Abdekhodaee, A. (2016). Visual management, performance management and continuous improvement. International Journal of Lean Six Sigma, 7(2), 187–210. DOI:10.1108/IJLSS-09-2014-0028.